Banks just 'ticking the boxes' on reverse mortgages

Updated September 14 2018 - 8:37am, first published September 13 2018 - 12:00am
 TRANSPARENCY  MUST: ASIC deputy chairman Peter Kell.
TRANSPARENCY MUST: ASIC deputy chairman Peter Kell.

Reverse mortgages, which have been touted as a great way for seniors to live well in their retirement years, may in fact be putting their financial security at risk, according to ASIC.

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